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Vertical Integration, Institutional Determinants and Impact : Evidence from China
Fan, Joseph P.H. - 2009
Where legal systems and market forces enforce contracts inadequately, vertical integration can circumvent these transaction difficulties. But, such environments often also feature highly interventionist government, and even corruption. Vertical integration might then enhance returns to political...
Persistent link: https://www.econbiz.de/10012463999
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Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals
Li, Chunding - 2014
This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general...
Persistent link: https://www.econbiz.de/10012458242
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Is that Really a Kuznets Curve? Turning Points for Income Inequality in China
Ravallion, Martin; Chen, Shaohua - National Bureau of Economic Research - 2021
The path of income inequality in post-reform China has been widely interpreted as "China's Kuznets curve." We show that the Kuznets growth model of structural transformation in a dual economy, alongside population urbanization, has little explanatory power for our new series of inequality...
Persistent link: https://www.econbiz.de/10012616646
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Human Capital, Economic Growth, and Inequality in China
Heckman, James J. - 2012
China's rapid growth was fueled by substantial physical capital investments applied to a large stock of medium skilled labor acquired before economic reforms began. As development proceeded, the demand for high skilled labor has grown, and, in the past decade, China has made substantial...
Persistent link: https://www.econbiz.de/10012460559
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Trapped Factors and China's Impact on Global Growth
Bloom, Nicholas - 2014
In a general equilibrium product-cycle model, lower trade barriers increase Southern purchasing power, which lifts long-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms, which lowers the opportunity cost of innovation,...
Persistent link: https://www.econbiz.de/10012458713
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Social Organizations and Political Institutions : Why China and Europe Diverged
Mokyr, Joel; Tabellini, Guido - 2023
Western Europe. An important factor, recognized in the literature, is that China centralized state institutions very early on …, while Europe remained politically fragmented for much longer. These initial differences, however, were amplified by the … different social organizations (clans in China, corporate structures in Europe) that spread in these two societies at the turn …
Persistent link: https://www.econbiz.de/10014357030
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Further Comments on The Impact of the Asian Miracle on the Theory of Economic Growth
Fogel, Robert W. - 2010
This paper addresses three issues related to the relative rates of growth in the United States, the European Union, and China during the four decades between 2000 and 2040. The first concerns the source of the factors which make it likely that China will continue to grow at a high rate for...
Persistent link: https://www.econbiz.de/10012462930
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Will China Eat Our Lunch or Take Us Out to Dinner? Simulating the Transition Paths of the U.S., EU, Japan, and China
Fehr, Hans - 2005
China eventually becomes the world's saver and, thereby, the developed world's savoir with respect to its long-run supply of capital and long-run general equilibrium prospects. And, rather than seeing the real wage per unit of human capital fall, the West and Japan see it rise by one fifth by...
Persistent link: https://www.econbiz.de/10012467008
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Persistence through Revolutions
Alesina, Alberto F. - 2020
Can efforts to eradicate inequality in wealth and education eliminate intergenerational persistence of socioeconomic status? The Chinese Communist Revolution in the 1950s and Cultural Revolution from 1966 to 1976 aimed to do exactly that. Using newly digitized archival records and contemporary...
Persistent link: https://www.econbiz.de/10012482010
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The Unintended Impacts of Agricultural Fires : Human Capital in China
Zivin, Joshua S. Graff - 2019
The practice of burning agricultural waste is ubiquitous around the world, yet the external human capital costs from those fires have been underexplored. Using data from the National College Entrance Examination (NCEE) and agricultural fires detected by high-resolution satellites in China during...
Persistent link: https://www.econbiz.de/10012480149